Rheinmetall (ETR:RHM) received a €125.00 ($154.32) price target from Berenberg Bank in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 14.68% from the company’s previous close.
A number of other research firms have also weighed in on RHM. Commerzbank set a €105.00 ($129.63) target price on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Oddo Bhf set a €122.00 ($150.62) target price on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Tuesday, November 7th. UBS Group set a €105.00 ($129.63) target price on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Tuesday, October 17th. DZ Bank restated a “buy” rating on shares of Rheinmetall in a research note on Friday, November 10th. Finally, Nord/LB set a €116.00 ($143.21) target price on shares of Rheinmetall and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of €114.35 ($141.17).
Shares of Rheinmetall (RHM) opened at €109.10 ($134.69) on Monday. Rheinmetall has a 1-year low of €66.59 ($82.21) and a 1-year high of €116.50 ($143.83). The company has a market cap of $4,620.00 and a price-to-earnings ratio of 22.27.
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Rheinmetall AG provides automotive components and defense equipment in Germany and internationally. The company's automotive products include mechatronics, such as cutting emissions, actuators, and solenoid valves, as well as water, oil, and vacuum pumps; hardparts, including pistons, engine blocks, structural components and cylinder heads, plain bearings, and bushes; and replacement parts.
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